The Wormhole Foundation plans to acquire Stargate, sounding the competitive bugle for cross-chain protocols. Stargate is a cross-chain bridge built on , and both Wormhole and are universal cross-chain messaging protocols, naturally competing in the multi-blockchain data and asset transfer track. The Foundation proposed acquiring Stargate for $110 million, exchanging STG tokens for ZRO, and dissolving the Stargate DAO. values STG at $110 million (Stargate's data: treasury has $76 million in stablecoins, over $16 million in ETH, bridged asset volume of $4 billion in July, TVL of $345 million, and estimated annual revenue of $2 million). Wormhole, however, believes $110 million is undervalued and is attempting to acquire Stargate at a higher price to gain control. This is a head-to-head competitive move that is unlikely to succeed but will muddy the waters, with the ultimate beneficiary yet to be determined. For , Stargate is its core product, with some accumulation in cross-chain asset transfer and liquidity, so it will not easily let Wormhole succeed. As the market recovers and preliminary patterns in certain blockchain tracks take shape, such competition is expected to become increasingly intense.